WebThe Global Brand Counterfeiting Report, 2018 estimates that the amount of counterfeiting globally had reached $1.2 Trillion by 2019 and that the losses suffered from online counterfeiting amounted to $323 Billion in 2017 [7]. Other major points of origin include the United Arab Emirates, Turkey, Singapore, Thailand and India. Business organizations spend a lot of money, time and resources on protecting their brand and trademarks. After years of learning about the consequences of counterfeit textiles, I founded Voz to create rural work opportunities for artisans so they could continue their cultural art forms and symbolic practice and make a fair living from their talents and heritage. This site is protected by reCAPTCHA Enterprise and the Google. "The amount of total counterfeiting globally has reached to 1.2 Trillion (News - Alert) USD in 2017 and is bound to reach 1.82 Trillion USD by the year 2020 which includes counterfeiting of all equipment/products from defence United Arab Emirates15.9. Cartier International Ag & Others vs Gaurav Bhatia & Ors8. China15.2. Counterfeiting in the Fourth Industrial Revolution2. WebCounterfeiting adds up 26,503 Total Number of IPR-related Seizures in 2020 [1] 55.7 Million Direct & Indirect U.S. Jobs Supported by IP-intensive Industries in 2013 [2] $1.08 Globalization - A Double Edged Sword4. The amount of total counterfeiting globally has reached to 1.2 Trillion USD in 2017 and is bound to reach 1.82 Trillion USD by the year 2020 which includes Internet service providers15. 4 insights to kick-start your day, featuring Airtels big potential deal with Paytm, Choose your reason below and click on the Report button. E-commerce expanded rapidly as Is there any medium as connected as Internet?5.4. EU E-commerce Directive13.3.2. Adverse effects of Social Media5.9. This is still true in communities throughout the world. "The amount of total counterfeiting globally has reached to 1.2 Trillion USD in 2017 and is bound to reach 1.82 Trillion USD by the year 2020 which includes counterfeiting of all equipment/products from defence equipment's to counterfeiting of watches. Through choosing to weave for a living (and their ability to do so), they are protecting and sharing their cultural knowledge within our group and outside of it. The government and business organizations are concerned because of the adverse impact of such illicit activities. Employee background checks to screen prospective and/or existing employees. The illicit value chains and free trade zones make it easier for the counterfeiters to trade in fake goods without any fear of being caught.The report explicates that the problem of counterfeiting is long-standing and is growing more and more in scope and magnitude. And companies such as Voz, a luxury ethical fashion brand, is working to mitigate the effects of counterfeiting in the artisan community. Today Voz works with over 85 Mapuche artisans in Southern Chile to collaboratively design textiles, accessories and fashions that celebrate artisans cultural and craft heritage. Cloth was born of our human instinct to protect, adorn and revere the human body and natural forces that govern our universe. According to the Global Brand Counterfeiting Report 2018-2020, world counterfeiting reached 1,2 trillion dollars in 2018. The Tags, Hashtags & Search5.7. The Global Brand Counterfeiting Report (2018) stated the total value of counterfeit products on a global scale to be USD1.20 trillion in 2017 and expected it to Sales for all or each distributor, certain product or group, location reports (where the product or a group of goods were sold), stock balance at the distributor's warehouse, grouping of various data metrics by sales, and user behavior. Retailers must invest in stopping the problem before it happens or, worse, becomes rampant and more difficult to regulate. You need at least a Starter Account to use this feature. Thats almost equal to the Australian GNP in the same year. | Source: According to the analysis made in the report, losses incurred by Luxury Brands because of sale of counterfeiting through internet accounted to 30.3 Billion USD. The growth in global trade and technology has positively affected many markets across the world but along with that, it has some major adverse effects as well. The insignia5.2. 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China15.2. The facts and opinions expressed here do not reflect the views of. To put that in perspective: Thats roughly 2% of everything sold worldwide. Average age globally5.6. Analysis - Agreements on Intellectual Property Rights13.1. Mens underwear sales are falling. The estimated losses due to counterfeiting of high end consumer goods amounted to 98 Billion USD which includes counterfeiting from offline as well as online Photo courtesy of Voz. Online and offline, counterfeiting touches every product category from defense equipment to consumer goods, siphoning revenue away from legitimate businesses and into the black market. Germany15.4. In fact, the trade of fake merchandise has slowly risen over the last few years and now accounts for 3.3% of global trade, according to a recent report by the Organization for Economic Cooperation and Development (OECD). &LStPdLYCT2iZ$LCiY]Xg. Final figures arent yet available for 2020, but experts estimate brands lost about $2 trillion. Social Counterfeiting - Counterfeiting on Social Media10. These figures do not include domestically produced and consumed fake goods, or pirated products being distributed via the Internet. 0 The goods making up the biggest share of 2016 seizures in dollar terms were footwear, clothing, leather goods, electrical equipment, watches, medical equipment, perfumes, toys, jewellery and pharmaceuticals. Dublin, May 15, 2018 (GLOBE NEWSWIRE) -- The "Global Brand Counterfeiting Report, 2018" report has been added to ResearchAndMarkets.com's offering. WebAccording to 2018 Global Brand Counterfeiting Report, the total volume of counterfeits worldwide has reached 1.2 trillion USD and by 2020 the total volume may reach 1.82 The countries most affected by counterfeiting in 2016 were the United States, whose brands or patents were concerned by 24% of the fake products seized, followed by France at 17%, Italy (15%), Switzerland (11%) and Germany (9%). Source: Global Brand Counterfeiting Report, 2018. our manager will answer you within one business day. Inevitably, these consequences have a severe negative impact on a brands reputation and, in turn, consumer trust. endstream endobj startxref Manufacturing Outsourcing - A blessing in Disguise5. And part of refining production processes is ameliorating the adverse effects of counterfeit materials and products, which have wholly impacted the industry itself and the people whosupport it. Another alarming example of these consequences is in the electronics industry. Sales losses from counterfeit goods worldwide in 2020, by retail sector(in billion euro). All rights reserved. Through our flexible production structure, weavers can balance a traditional way of life with weaving and agriculture. 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Get all the top news stories and alerts straight to your inbox. Analysis - Agreements on Intellectual Property Rights13.1. Gucci vs Alibaba7.2. Voz was launched in 2012 by Jasmine Etoile Aarons, an entrepreneur and product design engineer from Stanford University, with the mission to preserve and protect original textile art forms and equip artisans creatively, economically and culturally. Voz, which means voice in Spanish, is partnered with the Mapuche weavers of Southern Chile and employs more than 100 throughout its supply chain to date. OECD projects that about $2 trillion worth of counterfeit goods will be sold worldwide in 2020. Research and Markets vcIeN[rLZ5UL-\paY@h@\TY"e_/23Hkv'-U,)z+'ZtJGGCG39,U :P$;T"@r #q`8b6P(d lkGmb zD)a #?#C}'%bn6l: +xAh]!WC@?  C0Xgw:@ { Recommendation6. Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Ensuring brand protection and integrity in the times of Covid-19, (Disclaimer: The opinions expressed in this column are that of the writer. Sales statistics, reporting on deliveries, sales, behavioral parameters of users. Anti-Counterfeiting Trade Agreement13.3. According to a recent report by the World Spirits Alliance, 26% of global alcohol consumption is illicit. Additionally, Voz works with the University of Chiles Kinesthesiology department and the local Lions Club to provide a tailored health care program to our weavers: free kinesthesiology workshops and take home treatment tools, free eye tests and glasses, and free focal lamps to improve lighting conditions and protect their eyesight. Trends in Trade in Counterfeit and Pirated Goods puts the value of imported fake goods worldwide based on 2016 customs seizure data at USD 509 billion, up from USD 461 billion in 2013 (2.5% of world trade). EU Customs Regulation14. Should Indian economy prepare for a below-the-belt jolt? The report has focused on those economies where the consumers have the highest buying power namely, France, Germany, Hong Kong, China, Italy, Japan, Singapore, UAE, UK, and the USA.The report focuses on greatest challenges faced by the law enforcement agencies regarding illicit trade and intellectual property crimes. Is there any medium as connected as Internet?5.4. The overwhelming popularity and increased dominance of e-commerce isnt going away anytime soon. You may opt-out by. EU Customs Regulation14. Here, Aarons discusses the importance of preserving cultural identity and the true modern tragedy of counterfeit textiles.. We pay democratically decided fair trade wages for each piece, and buy all the materials in advance, removing financial obstacles for our weavers to make a living with us. Japan15.7. E Commerce - A New Platform for Counterfeiters7. Hong Kong15.5. Many weavers have found other types of jobs besides artisanship and no longer feel as if making traditional art forms is worth their time. Through this partnership, we are witnessing weavers flourish. Currently, you are using a shared account. While this will certainly help and is a step in the right direction, it barely scratches the surface of a long-term solution. Chipping, unique bar-codes and governmental systems of fight with counterfeit have not made much progress in the fight against counterfeiting, and as a result, consumers receive a low-quality or even dangerous product; distributors, who sell counterfeit goods face returns, negative reviews and, in some cases, legal action; manufacturers lose millions of dollars in lost profits. Past OECD-EUIPO analysis has shown that free trade zones where economic activity is driven by reduced taxes, customs controls and lighter regulation can unintentionally facilitate counterfeit trade. Cartier International Ag & Others vs Gaurav Bhatia & Ors8. [2] Dr. Nam D. Pham, IP Creates Jobs for America (2013). Future Threat- 3D Printing & Counterfeiting11. 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